CEO out at cosmetics maker Coty

NEW YORK — The top executive at cosmetics maker Coty is leaving less than a week after revealing significant supply chain problems sapped revenue during the first quarter. The company said Monday CEO Camillo Pane, who led the company for two years, resigned for family reasons. Pierre Laubies, who last ran beverage company JDE, takes over. Coty brands include CoverGirl and Hugo Boss